Tenancy in Common
We are trying to buy in Park Slope (been renting here for 10 yrs), but even with the slightly reduced prices, it’s been impossible. So, we’re considering a tenancy-in-common. We really want a yard for the kids (and for my grill-happy hubby). We would prefer people we don’t know but seem sane and can come to a (legal) agreement with. So, I’m putting out feelers here for anyone thinking of the same in the Slope area. Also, another question, has anyone financed a TIC? I would assume we’d have to be an LLC to start, but can you give me other info on what else is required? Typical down, etc? Thanks all.
